In search of the smokin’ deal

East Valley Team member Kristin LaVanway talks about how East Valley buyers need to be realistic on their offers.

We get a lot of off-the-wall questions about Phoenix real estate…like this one. Buyers are still surprised when sellers don’t kneel down in gratitude when an offer – especially a CASH offer – is made. Buyers are not calling the shots in this market. Good homes are selling and selling fast – often at or even above the asking price.

East Valley short sale basic training

East Valley Team member Kristin LaVanway talks about how East Valley short sale buyers need to be more serious in their offers.

The East Valley Team is taking a stand. When a buyer submits an offer on a short sale – it is hazardous to everyone’s health (financially speaking) if they do not intent to execute that contract fully.

Gone are the days of putting lots of short sale offers in to see what sticks, Banks are digging and making the process much harder so the message from the East Valley Team is this: You better be serious if you put an offer in on one of our short sale listings.

East Valley real estate negotiations 2011

East Valley Team member Kristin LaVanway talks about how real estate negotiations in the East Valley have changed.

Is it just me? It just doesn’t seem like it’s much fun any more to negotiate a real estate transaction. Short sale, REO’s and homeowners who have have watched all the equity drain from the homes have taken all the pleasure out of the process.

Short sales and responsibility of buyers agent to be honest

East Valley Team member Kristin LaVanway talks about the responsibility of buyers agent in a short sale.

The buyer’s agent has a fiduciary responsibility to be honest to the buyer about the risks of buying a short sale while at the same time being honest to the seller and the seller’s agent. A short sale is not just a place to put an offer while you keep shopping. The buyer needs to know the risks involved of not only the short sale not being approved, but the risk of losing their earnest money if they find another house.

18478 E Superstition Dr – A Different Kind of Video Tour

Kristin LaVanway recently toured one of our listings in Cortina, a lovely community near the Gilbert/Queen Creek border. Her goal was to create a video tour, but she got a little extra help from an unexpected friend. Check it out and stay tuned for more fun video tours in the future.

Phoenix East Valley loan mod scams

East Valley Team member Kristin LaVanway talks about .

Watch out for GINO! Oh yes, lucky me, I got a call from my lender, CitiMortgage, extending an offer to modify my loan. Only problem there is that my house was foreclosed on 6 MONTHS AGO!

I had to check this out…turns out it wasn’t exactly CitiMortgage., but Gino from the Untied Mediation Group in California. What followed was a classic scam pitch which, if I bit would end up costing me thousands and put me a worse financial situation with my lender (well, former lender).

FYI, just for fun, check out United Mediation Group on the BBB website:

http://www.la.bbb.org/Business-Report…

Watch out folks! These scammers are everywhere! Don’t be a victim!

Which is better? Short sale or foreclosure?

Which is better? Short sale or foreclosure?

East Valley Team member Kristin LaVanway talks about yesterday’s short sale vs foreclosure video.

Yesterday Dean Ouellette sat down with Kevin Hardin of Thomson Law to discuss the legal aspects of foreclosure versus short sale. This video offers some objective, straight forward information that will help many people who are facing this tough decision.

Even though a foreclosure may seem easier and less emotionally taxing, more times than not, the short sale puts the homebuyer in the better position in the end. Remember, just because the bank is not supposed to come after you for a deficiency, does not mean they will not. So when considering which is better a short sale or a foreclosure, remember in a short sale in the end you will only sign off if the protections are there in writing.

Can the bank really lock me out of my house?

Can the bank lock me out of my house?

East Valley Team member Kristin LaVanway talks about a client who no longer lived in her house and the bank changed the locks out on her house.

Before her house was foreclosed on, a friend of mine discovered that she had been locked out by the lender…can they do this? You bet they can! There is plenty of language in most deeds of trust to allow banks to take measures to “protect” the property that is securing the note, including entering the property without your permission and changing the locks.

Challenges that short sale agents face making calls

East Valley Team member Kristin LaVanway talks about the fun agents have making short sale calls.

Negotiating a short sale means lots of calls to the lenders to negotiate the terms of the sale. But those calls can sure be frustrating! Sometimes they can’t find you file, sometimes, they won’t provide the written agreement letter without a fight, sometimes the BPO is out of this world and sometimes, well….sometimes, it feels like they are holding the short sale for ransom.

What I have learned about video blogging?

East Valley Team member Kristin LaVanway talks about the challenges of vlogging.

I have been vlogging about real estate for well over a year and I have learned a thing or two. Those social media gurus will have you believe that by purchasing the right camera, editing software, lights and mic, you will have your phone ringing off the hook.

The reality is those things don’t matter unless you are posting good, engaging content on a consistent basis. And even if you are getting the hits, social media is never enough – you also need good business practices, awesome follow-up and face-to-face relationships if you want to keep food on the table.

Do you need to do video to be successful in real estate? No way, but give it a try…you might like!